1.

Newfound Ltd took over business of Old land ltd and paid for it by issue of 30,000, Equity Shares of ₹100 each at a par along with 6% Preference Shares of ₹1,00,00,000 at a premium of 5% and a cheque of ₹8,00,000. What was the total agreed purchase consideration payable to Old Land ltd. (A) ₹1,05,00,000.(B) ₹1,43,00,000.(C) ₹1,40,00,000.(D) ₹1,35,00,000.

Answer»

Correct answer is: (B) ₹1,43,00,000.



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